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ACC561 week 5 accounting work 2014




Question;E20-2Zeller Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for$12 and $25, respectively. Because of the intense competition Zeller faces, management budgets sales semiannually.Its projections for the first 2 quarters of 2010 are as follows.ProductXQ-103XQ-104Unit SalesQuarter 1 Quarter 220,00025,00012,00015,000No changes in selling prices are anticipated.Hint: Prepare a sales budget for 2 quarters.(SO 3)InstructionsPrepare a sales budget for the 2 quarters ending June 30, 2010. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.E20-5Moreno Industries has adopted the following production budget for the first 4 months of 2011.MonthUnitsMonthJanuary10,000 MarchFebruary8,000 AprilUnits5,0004,000Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2010, the ending raw materials inventory was 9,000 pounds. Management wants to have a raw materials inventory at the end of the month equal to 30% of next month's production requirements.Hint: Prepare a direct materials purchases budget.(SO 3)InstructionsPrepare a direct materials purchases budget by month for the first quarter.BE21-4Hannon Company expects to produce 1,225320 units of Product XX in 2010. Monthly production isexpected to range from 74340 to 113960 units. Budgeted variable manufacturing costs per unit are:direct materials $3, direct labor $6, and overhead $9. Budgeted fixed manufacturing costs per unit fordepreciation are $5 and for supervision are $1. Prepare a flexible manufacturing budget for the relevantrange value using 19810 unit increments.Hint: Prepare a flexible budget for variable costs.l


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